Billionaire Bill Foley Is SPAC Market’s Overlooked Star

  • 📰 WSJ
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Fast-trading, social-media-obsessed investors have driven the SPAC craze. One of the biggest SPAC creators is a staid insurance executive who wants nothing to do with them.

Fast-trading, social-media-obsessed investorsBillionaire Bill Foley, owner of the Vegas Golden Knights team in the National Hockey League, has bypassedand speculative space companies and instead focused on solid, sustainable businesses.

“Bill Foley is going to make money,” said Evan Ratner, a SPAC portfolio manager at Easterly Alternatives. “He’s buying a business where he’s going to own it for a long time.”, Mr. Foley, 76 years old, is sticking to his old strategy of buying businesses that are undervalued based on their financials. His record building Fidelity National Financial Inc. into a title-insurance behemoth is allowing him to raise cash and do some of the biggest SPAC mergers ever.

“I’ve been a value investor my whole life,” said Mr. Foley, a graduate of the U.S. Military Academy at West Point whose companies share names with historic battles such as Trasimene, Trebia and Austerlitz. “I’m a big fan of boring companies.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

IF I AM JESUS ​​THIS IS THE LAST GENERATION. 'I WILL JUDGE THE WORLD' I HOPE YOU BELIEVE BECAUSE I HAVE THE BIBLICAL SIGNS 'THAT JESUS ​​WOULD HAVE '. WHO EVIL BECOMES GOOD! AND WHO IS GOOD CONTINUE. READ THE APOCALYPSE

Waiting to see if Trump will go SPAC route or Parler anyone know?

horrible

We offer a very safe investment proposal where you can earn 85 to 125%ROI profit weekly kindly send a dm for more info. Interested people only

Singapore Singapore Latest News, Singapore Singapore Headlines